Bring on sukuk competition – Bursa Malaysia

Malaysia has nothing to fear from the emergence of London and Hong Kong as nascent trading hubs for Islamic finance, according to Tajuddin Atan, chief executive of Bursa Malaysia.

The largely Muslim country has established itself as the world’s biggest centre for Islamic finance, accounting for 42% of global volume this year, compared with Saudi Arabia in second place with 26.4%, according to Dealogic data.